Four small businesses win £100,000 development funding at climax of unique competition

Four small businesses win £100,000 development funding at climax of unique competition

12 Oct 2010

Four innovative small British companies are each to receive £100,000 to help them develop new technologies after they were declared the winners in a unique competition at today's Innovate10 networking and innovation event in London.

Altrika Limited, Arvia Technology Limited, Bare Conductive Limited and Oxford Photovoltaics Limited were selected as the winners of the Competition for Disruptive Solutions, which was funded and managed by the Technology Strategy Board.

In the energy area, Oxford Photovoltaics will commercialise new solar glazing technology which has the potential to become a dominant solution in the Building Integrated Photovoltaic (BIPV) market.  The glazing technology is printed directly on glass and can be semi-transparent in a wide range of colours.  Bare Conductive, in the digital area, will commercialise a unique skin-safe conductive ink that can be manufactured at a fraction of the cost of existing inks and which has the potential to impact markets ranging from flexible printed electronics to physiology monitoring technologies and sensing interfaces.

The healthcare area winners, Altrika, will develop a donor skin cell spray, available at point of care, to treat paediatric scalds.  This could reduce time to healing and length of hospital stay while also reducing the need for costly secondary interventions arising from contractures.  And Arvia Technology, in the sustainability area, have developed an award winning technology for the destruction of organics in water and wastewater.  The aim of their project is to investigate the disinfection properties of the process for the treatment and reuse of grey water within domestic and industrial applications. 

The competition was launched by the Technology Strategy Board in September and 550 businesses submitted two-minute video pitches outlining proposals in one of four themes - energy, digital, healthcare and sustainability.  These were assessed and shortlisted to 15 ideas in each of the four themes, and the companies behind them were invited to make written submissions.  After a further assessment three finalists for each theme were selected and invited to pitch at Innovate10 for the £100,000 funding. 

The live pitches took place in front of a panel of expert independent judges - three for each technology area - and the Innovate10 audience acted as the fourth judge.  The two runners-up in each theme received £25,000.

 The Technology Strategy Board has an ongoing interest with all of the investments it makes and to maximise the chance of future impact a monitoring team will be appointed to track all 12 of the projects as they progress.

See the full press release here.

Contacts for media enquiries (only):

Claire Cunningham, Media Relations Manager, Technology Strategy Board, Mobile: 07554 115745, Email: claire.cunningham@tsb.gov.uk

or

Nick Sheppard, Media Relations Consultant, Technology Strategy Board, Mobile: 07824 599644, Email: nick.sheppard@tsb.gov.uk

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Last updated on Tuesday 12 October 2010 at 17:13

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